Nasdaq NFLX NetFlix

Meet the Unstoppable Stock That Could Join Apple, Nvidia, Microsoft, Alphabet, Amazon, Meta, and Taiwan Semiconductor Manufacturing in the $1 Trillion Club by 2035

10 months 2 weeks ago
One of the biggest secular tailwinds in recent years is the advent of artificial intelligence (AI). The latest advancements in AI went viral early last year, and the list of companies in the $1 trillion club is littered with businesses on the leading edge of this next-generation
The Motley Fool

Dow, S&P 500 Log Longest Weekly Win Streaks of 2024

10 months 2 weeks ago
Stocks finished the day higher, with the Nasdaq rising triple-digits for its third-straight daily gain with help from Netflix's (NFLX) post-earnings pop. For the week, all three benchmarks notched their sixth consecutive weekly gains, marking the Dow and S&P 500's longest we
Schaeffer

Friday Sector Leaders: Healthcare, Services

10 months 2 weeks ago
The best performing sector as of midday Friday is the Healthcare sector, higher by 0.6%. Within that group, Intuitive Surgical Inc (Symbol: ISRG) and DexCom Inc (Symbol: DXCM) are two of the day's stand-outs, showing a gain of 9.2% and 3.3%, respectively. Among healthcare ETFs,
BNK Invest

Citi Staying Out of Netflix (NASDAQ:NFLX) Revival

10 months 2 weeks ago
Streaming giant Netflix (NFLX) has been on a tear lately, particularly after posting third-quarter results that proved to be better than most saw coming. But not everyone is so sure that this is the start of a new renaissance for Netflix. Citi’s managing director, Jason Bazinet, recently offered comments casting some doubt on Netflix’s resurgence. Investors were not having it, though, and sent shares up nearly 10% in Friday afternoon’s trading. Despite a third-quarter win and some “really good” fundamentals, as Bazinet described them, he is still holding a Neutral rating on Netflix stock. That might seem counter-intuitive to some, so Bazinet offered an explanation of why he is staying back. Bazinet pointed to a “shifting bull case” that just keeps changing its value. In fact, the bar for Netflix just seems to get higher as the valuation multiple continues to expand, and that is likely unsustainable going forward. Bazinet pointed out that an “accelerating top line” is generally a necessary part of a multiple expansion scenario, and Netflix’s top line is actually starting to slow. Price Hikes Start Up Again There is already some downside cooking up for Netflix; the boost that it got from its password crackdown has now mostly been baked in, and it is looking for a new way to juice revenue. This is part of that top-line growth issue Bazinet discussed earlier. To that end, it is hiking prices, but only in certain areas. The Middle East and Africa saw their Netflix prices jump last month, and now, a BBC report noted, prices in Japan, as well as some parts of Europe, will see increases. While advertising is expected to also spur some growth, Netflix issued some caution on this, calling it “early days,” and growth will not be visible until next year. Is Netflix Stock a Good Buy Right Now? Turning to Wall Street, analysts have a Moderate Buy consensus rating on NFLX stock based on 24 Buys, seven Holds, and two Sells assigned in the past three months, as indicated by the graphic below. After an 88.17% rally in its share price over the past year, the average NFLX price target of $737.24 per share implies 2.26% downside risk. See more NFLX analyst ratings Disclosure
TipRanks

Broader Market Mostly Higher on Positive Big Tech News

10 months 2 weeks ago
The S&P 500 Index ($SPX ) (SPY ) today is up +0.15%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.51%. Stock indexes today are mixed. Positive news from big technology companies is...
Barchart

2 Important Takeaways From Netflix's Robust Report

10 months 2 weeks ago
Media streaming veteran Netflix (NASDAQ: NFLX) headed into Thursday's third-quarter report on a jittery note. The stock soared to fresh all-time highs last week but then backed down 8% in a week as investors worried about the general health of the global consumer market.
The Motley Fool

Nasdaq 100 Movers: VRTX, NFLX

10 months 2 weeks ago
In early trading on Friday, shares of Netflix topped the list of the day's best performing components of the Nasdaq 100 index, trading up 9.1%. Year to date, Netflix registers a 54.0% gain. And the worst performing Nasdaq 100 component thus far on the day is Vertex Pharmaceuti
BNK Invest

S&P 500 Movers: CVS, NFLX

10 months 2 weeks ago
In early trading on Friday, shares of Netflix topped the list of the day's best performing components of the S&P 500 index, trading up 9.1%. Year to date, Netflix registers a 54.0% gain. And the worst performing S&P 500 component thus far on the day is CVS Health, trad
BNK Invest

Netflix ETFs to Buy on Robust Q3 Earnings

10 months 2 weeks ago
Netflix NFLX reported robust third-quarter 2024 results after the closing bell on Thursday. The world's largest video-streaming company outpaced earnings and revenue estimates and offered an upbeat guidance. Shares of Netflix jump
Zacks

Validea Detailed Fundamental Analysis - NFLX

10 months 2 weeks ago
Below is Validea's guru fundamental report for NETFLIX INC (NFLX). Of the 22 guru strategies we follow, NFLX rates highest using our Twin Momentum Investor model based on the published strategy of Dashan Huang. This momentum model looks for a combination of fundamental momentum
Validea

Netflix, Intuitive Beat Q3 Earnings Easily

10 months 2 weeks ago
Thursday, October 17th, 2024Markets cooled off today, quickly dropping shortly after the opening bell this morning. In fact, the small-cap Russell 2000, which outshone the major indexes yesterday, fell into negative territory earl
Zacks
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